For Nestlé SA, the baby-formula crisis that has sparked the largest recall in its history is a scandal it could have done without.

The tainted infant-milk mess, triggered by a contaminated ingredient, came as the world’s biggest food company was already struggling to revive its shares from their multi-year lows.

Indian-American entrepreneur and venture capitalist Vinod Khosla made a bold prediction that by 2050, people may not need jobs as artificial intelligence makes rapid gains.

Speaking during a firechat conversation with Mohit Bhatnagar, the managing director of Peak XV, at the AI Impact Summit on Tuesday, Khosla said, “By 2050, it'll be very clear that nobody needs jobs because with enough production of goods and services that are near free, you won't need jobs.

Union Agriculture Minister Shivraj Singh Chouhan on Tuesday said the recent India-US trade deal was finalised after careful consideration and the government has ensured that no decision would harm the farming community.

Speaking at a programme in Jaipur, he said, "I am speaking with full responsibility as the Agriculture Minister of India. In the trade agreement, we have taken complete care of the interests of Indian farmers. It has been ensured that there will be no loss for India's farming community," he said.

India's top car maker, Maruti ​Suzuki, launched its ​maiden electric vehicle on ‌Tuesday, accompanied by a battery rental plan.

The company said its e-VITARA SUV would be priced at 1.1 million rupees (around $12,100), with the battery ‌priced at 3.99 rupees per kilometre. It did not share further details.

India needs to embrace new technology and can save up to Rs 20,000 crore by using AI for cargo handling at ports, said Member of Economic Advisory Council to PM Gourav Vallabh on Tuesday.

Speaking at session 'AI-Powered Ports: Reimagining Efficiency and Operations' at the AI Impact Summit here, Vallabh said India is emerging as a global leader in the field of new technology.

The rapid development of artificial intelligence (AI) globally presents significant opportunities for Indian companies and will not adversely impact their businesses, Nasscom AI Head Ankit Bose said on Tuesday.

He said instead of job cuts, India will witness job transformations as roles evolve with the growing adoption of AI.

NHAI has accepted National Highways Infra Trust's offer of ₹6,220.90 crore for the asset monetisation of two highway sections of 310 kilometres.

Asset monetisation has emerged as a strategic tool in NHAI's efforts to unlock the value of existing assets and attract private sector investment.

French President Emmanuel Macron arrived in Mumbai on Tuesday for a three-day state visit to India. He was accompanied by France’s First Lady, Brigitte Macron, and a delegation of senior industry leaders. Macron was received at the airport by Maharashtra Chief Minister Devendra Fadnavis.

Infrastructure major L&T announced its wholly owned subsidiary, L&T Power Development, has agreed to sell 100 per cent stake in Nabha Power Ltd (NPL), which owns and operates the 1,400 megawatt Nabha power plant in Punjab, to Torrent Power for Rs 3,660 crore.

L&T said in a statement the divestment is a value-driven monetisation exercise and the transaction is aligned with L&T’s broader strategy to exit the development projects business.

India is hosting the "Maha Kumbh" of artificial intelligence, with world leaders, startups, innovators and researchers gathering here for the five-day AI Impact Summit, Union Minister Jitin Prasada said on Monday.

The Minister of State for Electronics and Information Technology said the outcomes of the summit are being deeply watched not only in India but across the world.

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